The Joris Luyendijk banking blog + Internet | The Guardianhttps://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog+technology/internet
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Who's the fool in the Facebook IPO? It may be you | Joris Luyendijkhttps://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-role
Bankers' fees for the flotation total about $100m. Is Facebook being conned – or is it ultimately someone closer to home?<p>So who's the sucker in <a href="http://www.guardian.co.uk/technology/2012/may/17/facebook-share-price-ipo-flotation" title="">Facebook's initial public offering (IPO) today</a>? Any banker will tell you that there is a fool in every trade, which is why you must always know who the fool is, because if you don't, the fool is probably you.</p><p>A range of candidates suggest themselves, of whom the most obvious is Facebook. Earlier this week the New York Times reported that the company is paying the bank Morgan Stanley around $35m for its work on the deal. Practically every other major global bank is in on it, too, bringing the total bankers' fees to an estimated $100m.</p> <a href="https://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-role">Continue reading...</a>FacebookIPOsMediaInternetSocial networkingTechnologyFTSEStock marketsBusinessBankingFinancial sectorFri, 18 May 2012 10:46:00 GMThttp://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-rolePhotograph: Frank Franklin II/APFacebook has paid Morgan Stanley alone $35m for work on its IPO. Photograph: Frank Franklin II/APPhotograph: Frank Franklin II/APFacebook has paid Morgan Stanley alone $35m for work on its IPO. Photograph: Frank Franklin II/APJoris Luyendijk2012-05-18T10:46:00Z